An investigation on behalf of investors of CEB Inc. (NYSE:CEB) in connection with the proposed takeover was announced and NYSE:CEB stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/10/2017 -- The acquisition of CEB Inc is under investigation over potential wrongdoing. The investigation was announced on behalf of investors, who currently hold NYSE:CEB shares), concerning the takeover of CEB Inc. by Gartner, Inc for a value of approximately $77.25 per share.
On January 5, 2017, Gartner, Inc. (NYSE: IT) and CEB Inc. (NYSE:CEB) announced that they have entered into an agreement whereby Gartner will acquire all of the outstanding shares of CEB Inc. (NYSE:CEB) in a cash and stock transaction valued at approximately $2.6 billion.
Investors who purchased shares of CEB Inc. (NYSE:CEB) and currently hold any of those NYSE:CEB shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of CEB Inc. breached their fiduciary duties owed to NYSE:CEB investors in connection with the proposed acquisition.
Under the terms of the agreement, CEB Inc. (NYSE:CEB) shareholders will receive $54.00 in cash and 0.2284 shares of Gartner common stock for each share of CEB Inc. (NYSE:CEB) common stock they own, or a value of approximately $77.25 per share.
However, given that NYSE:CEB shares traded as high as $89.98 per share in 2015, the investigation concerns whether the offer is unfair to NYSE:CEB stockholders. More specifically, the investigation concerns whether the CEB Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On January 9, 2016, NYSE:CEB shares closed at $75.70 per share.
Those who are current investors in CEB Inc. shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego